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Rocket Companies Acquires Mr. Cooper: A 100-Word Summary
Rocket Companies (RKT) has acquired Mr. Cooper, aiming too revolutionize homeownership with a more personalized and accessible experience.This follows Rocket’s July acquisition of Redfin,creating a comprehensive platform spanning home search,financing,title,closing,and servicing.
Mr. Cooper will be rebranded under the Rocket umbrella, leveraging its servicing scale with Rocket’s client satisfaction (recognized by J.D. Power).The combined entity will utilize a $500 million investment in data and AI to deepen client relationships and “Help Everyone Home.” Rocket now encompasses Rocket Mortgage,Redfin,Mr. Cooper, and more.
